Jim Cramer Says We’re Entering a Bear Market and Breaks Down These 10 Stocks

2. CoreCivic, Inc. (NYSE:CXW)

Number of Hedge Fund Holders: 30

Jim Cramer shared his view on CoreCivic, Inc. (NYSE:CXW) in response to a caller’s question, expressing optimism despite recent stock weakness:

“You know I’m surprised the stock has kind of come back down here. I think it’s a, you know, it had a huge move, and now it’s just kind of resting. I think the stock is ready to move again.”

CoreCivic is a real estate investment trust (REIT) that owns and manages correctional facilities and detention centers. The stock has been volatile amid political scrutiny and fluctuating government contracts, but Cramer believes it may have more upside ahead.

Jim Cramer highlighted CoreCivic, Inc. (NYSE:CXW) back in November as a potential winner from the Trump administration:

“The two big private prison operators, GEO Group and CoreCivic have rallied 85 and 59% respectively since the beginning of November. These tend to be winners whenever the GOP is in power, but they’re rallying particularly hard this time because Trump ran on an agenda of mass deportations. Keep in mind though, GEO Group and CoreCivic roared from the 2016 election to Trump’s inauguration day in January 2017, but then they spent most of the next four years going lower. My view, legitimate thesis here, but the gains are so extreme that I worry they’re running out of upside.”